Contact: Phil Ciciora
University of Illinois at Urbana-Champaign
Caption: Although popular with the public, reforming the existing system of tax benefits to housing, including the ever-popular deductions for mortgage interest and property taxes, would likely make the housing market more efficient, says research co-written by David Albouy, a professor of economics at Illinois.
Credit: Photo courtesy of David Albouy
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Related news release: Research: Tax benefits for housing not as outsized as previously thought